Metal silicon 441 # spot market rises this week

According to the analysis of the Business Society’s market monitoring system, on July 3rd, the reference price for the domestic silicon metal # 441 market was 8850 yuan/ton. Compared to June 29th (the market price for silicon metal # 441 was 8640 yuan/ton), the price has increased by 210 yuan/ton, a 2.43% increase.

Gamma-PGA (gamma polyglutamic acid)

From the Commodity Market Analysis System of Shengyi Society, it can be seen that the domestic spot market for silicon metal # 441 has shown an overall upward trend this week. During the week, the spot market price of silicon metal was generally adjusted upwards, with reference to 8300-8400 yuan/ton for the 553 # market price in the East China region, with an increase of 200-300 yuan/ton during the week; The market price of Metal Silicon 441 # in the East China region is based on 8800-8900 yuan/ton, with a weekly increase of 300-400 yuan/ton. The market price of Metal Silicon 441 in the Huangpu Port region is based on around 8800-8900 yuan/ton, with a weekly increase of 200 yuan/ton. The market price of metal silicon 441 # in Tianjin area is based on 8700~8800 yuan/ton, with a price increase of 300-400 yuan/ton.
Fundamental information
In terms of supply and production: In June, the reference production of silicon metal was around 327600 tons, with an increase in production. In July, we entered a period of abundant water supply. Although a small portion of production capacity resumed in Yunnan and southwestern regions, the overall supply of silicon metal decreased due to reduced production in Xinjiang alone.
In terms of demand: Currently, the demand for metallic silicon remains mainly driven by rigid procurement, and there has been a slight increase in downstream polycrystalline silicon production, which may boost future demand.
Market analysis in the future
Currently, the trading in the metal silicon spot market is moderate, and the supply and demand transmission performance is still good. The metal silicon data analyst from Business Society predicts that in the short term, the domestic metal silicon spot market will mainly operate with large stability and small fluctuations, and specific changes in supply and demand information need to be closely monitored.

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